KO, I don't buy that 6m bpd from OPEC. Those numbers are from a few years ago. Natural depletion and a lack of investment have substantially reduced that. OPEC have been playing politics . Max 3m krakenoil. Wait and see. IMHO .
RE: Oil Trader CFOs Say Banks Are Demanding Green Targets for Loans17 Jun 2021 15:48
Hi Pelle, Great explanation, I have the same numbers. which should leave plenty to pay some healthy dividends to us. Assuming around 2b shares after GE deal and refinancing, then $120m from that massive fcf figure would give us a nice 6 cents or (in English money) 5p dividend. Plus they would still have another $400-500m to do more deals !
Think you will see it go back to 11m very soon (next month). They also don't have the money to add 200 -300 new rigs ! To get back to where they were with production at 13m. Let's see KO. Remember this time it's different , the US producers are not chasing revenue in isolation anymore. They are looking for healthy balance sheets and profitability.
For any meanifull increase in US production. Indeed I believe the few rigs that have been added will only replace natural "slipage". To add back the 2m plus they have lost would take a few hundred more rigs, surely.
We have not had a re-rate yet. Our gains so far are because of POO. If Brent POO went back down to $64 our Share Price would go sub 20p again. We look forward to a true re-rate following conclusion of GE deal and half year results. JAN
Morning Pelle, You are right, things take time, but I feel we need to get a little closer before we start talking dates etc. Last time I started talking , I jinxed it ! I would say lead times from start to event, around 3 months . Will begin talking at 30p, which still is a long way off the 60p we need. JAN
Morning Pelle, You are right, things take time, but I feel we need to get a little closer before we start talking dates etc. Last time I started talking , I jinxed it ! I would say lead times from start to event, 3 months plus. Will begin talking at 30p, which still is a long way off the 60p we need. JAN
Pelle, All been on "ice" for a few years ! But they are ready to go into action when we start our approach to 60p. I did speak with AB's secretary and IR a few years ago about it, and got a favourable response then. Will start the wheels turning when we get above 50p. I would like to think that along with drinks, meal we could get a presentation from Enquest. I guess London is favourite for location as it would suit anyone flying-in. During my career I had a number of years organising Sales Conferences , so organising this will not be a problem. We just want the 60p SP.
RE: Open offer still on and no dividends in near future.15 Jun 2021 20:01
Who's Jon ? Someone from down the pub !
NO - Only joking, great post ZFG. Well done for writing to Mr. Sweeny . Many just moan without even asking the company any questions. Thank you very much for posting and letting us in on the news. For me it was the best post of the day. All the best JAN
No that's fine. I can see that your glass is more than half full ! Very good. My glass was like yours for a long time then a couple of times I got bumped into, and spilt some. Still positive, just glass has a little less in it! Maybe AB and Enquest's performance this year will fill it up again. Here's hoping 60p Party.
AA, You try to change the subject- we were talking about a rerate from today. When people do that it is because they are coming from a position of weakness. Secondly, I do not recall you making any 20p prediction in the past .However it sounds good in a post doesn't it ! Sort of gives your post some credibility ! Shame you can't keep to the point in question ! Is a rerate going to begin from today AA, what's your view ?